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1. It gives credibility to a financial statement
2. Identifies potential problem
3. Organizes financial information
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∙ 10y ago
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What are the advantages in having an audit committee?
the audit committee communicate with internal audit, external audit and CFO on behalf of the company.
What are the advantages of statutory auditing?
advantages and disadvantages of non statutory audit
What are the sources of audit evidence?
management evidences and direct conformation evidence
What are the advantages of non statutory audits?
advantages and disadvantages of non statutory audit
What are the advantages of skills audit?
allows an individual to identify their strength and weaknesses
What are the advantages in having an audit committee?
the audit committee communicate with internal audit, external audit and CFO on behalf of the company.
What is internal audit audit evidence?
internal audit evidence is all the information the auditor relies on to arrive at any conclusion.
What are the advantages and disadvantages of an audit?
What are advantages of human resources auditing
What are the advantages of statutory auditing?
advantages and disadvantages of non statutory audit
What are the sources of audit evidence?
management evidences and direct conformation evidence
What are the advantages of non statutory audits?
advantages and disadvantages of non statutory audit
Which is not an technique for collecting evidence during the ethic audit?
Me
What are the advantages and disadvantages of external audit?
An advantage to having an external audit is the fact that the audit will not be biased. A disadvantage to external audits is the process. It can be long and invasive.
What is audit procedures?
Audit procedure is the process followed while auditing an entity which may include:Confirm the audit assignmentComplete appropriate planningExecute actual internal audit workDevelop a report
Why is it difficult to gather audit evidence?
because their is a lot of people\]
What are the advantages of skills audit?
allows an individual to identify their strength and weaknesses
Define audit programe and also discuss its advantages and disadvantages and alo contents of audit programme?
it is prepared by auditor for taking action to complete their assignment in well manner.
